Seshaasai Technologies Ltd

Seshaasai Technologies Limited: Trading Window Closure from October 1, 2026 until 48 hours after the declaration of the Unaudited Financial Results for the half year ended September 30, 2026

Key contract win

• Secures a three-year contract for secure printing, policy bond kits, and logistics with a leading public sector insurer.
• Revenue will accrue in line with allocations and volumes over the contract period.
• Continuation of relationship; company has provided services to the customer for two years.
• Facilities accredited by NPCI, PCI, Global Payment schemes and IBA for secure handling.

AGM Details

• AGM held on September 16, 2026 at 10:00 IST via VC/OAVM; record date September 9, 2026.

Resolutions & Outcomes

• Ordinary: Adopt standalone financial statements for year ended March 31, 2026; passed with broad support.
• Ordinary: Adopt consolidated financial statements for year ended March 31, 2026; passed with broad support.
• Ordinary: Declare final dividend of Rs 2.50 per equity share; approved.
• Ordinary: Re-appoint director by rotation; passed with broad support.
• Ordinary: Appoint Secretarial Auditor; passed.
• Ordinary: Approve remuneration to non-executive directors (including commission); passed.
• Special: Approve remuneration to non-executive director; passed.
• Special: Amend Articles of Association; passed.
• Special: Waiver/forgoing of dividend rights by members; passed.

AGM Details

• AGM held Sep 16, 2026 at 10:00 IST via VC/OAVM; concluded 10:43 IST.

Key Resolutions

• Adopt standalone financial statements for FY ended 31 March 2026.
• Adopt audited consolidated financial statements for FY ended 31 March 2026.
• Declare final dividend of ₹2.50 per equity share for FY 2025-26.
• Re-appoint director by rotation: Jayeshkumar Chandrakant Shah.
• Secretarial Auditor appointed.
• Approve payment of commission to Non-Executive Directors.
• Remuneration for Non-Executive Director – Jayeshkumar Chandrakant Shah.
• Amend Articles of Association.
• Waiver/forgoing of dividend rights by Members.

Voting Results

• Outcome of standalone adoption not disclosed; results to be intimated within 48 hours.
• Outcome of consolidated adoption not disclosed; results to be intimated within 48 hours.
• Outcome of final dividend resolution not disclosed; results to be intimated within 48 hours.
• Outcome of director re-appointment not disclosed; results to be intimated within 48 hours.
• Outcome of Secretarial Auditor appointment not disclosed; results to be intimated within 48 hours.
• Outcome of commission to Non-Executive Directors not disclosed; results to be intimated within 48 hours.
• Outcome of remuneration for Non-Executive Director not disclosed; results to be intimated within 48 hours.
• Outcome of Articles amendment not disclosed; results to be intimated within 48 hours.
• Outcome of dividend rights waiver not disclosed; results to be intimated within 48 hours.

Meeting Details

• Date: September 21, 2026; Time: 11:00 am to 3:00 pm; Type: In-person facility visit

Participants

• Company management, including Company Secretary and Compliance Officer

Purpose

• Facility visit to discuss industry/company developments in the public domain

Additional Notes

• Location: Bangalore; In-person format

Overview

• Consolidated revenue from operations: ₹14,411.35 million for FY2025-26.
• EBITDA: ₹3,940.88 million; EBITDA margin 27.35%.
• PAT: ₹2,400.10 million; PAT margin 16.65%.
• Final dividend proposed: ₹2.50 per share; record date 18-Aug-2026.

Financial performance

• EPS: ₹15.45 per share (basic and diluted).
• Top customer contributed ₹2,230.12 million in FY2025-26.
• Revenue growth modest: -1.5% YoY on consolidated basis.
• Total assets: ₹16,672.32 million; total equity: ₹14,259.75 million.

Capital structure & liquidity

• Net debt to equity: -0.23x; cash/CBA exceeds borrowings.
• IPO proceeds utilised ₹4,055.20 million of ₹6,000 million; ₹1,944.80 million unutilised.
• Cash & cash equivalents: ₹1,876.01 million; other bank balances ₹2,281.10 million.
• Capex plan for FY2026-27: ₹1,400-1,600 million.

Dividends & capital allocation

• Proposed final dividend ₹2.50 per share; dividend payout subject to AGM.
• Payouts previously included ₹170.00 million as final 2024-25 dividend.
• IPO proceeds used for debt repayment and capex; monitoring uses.

Business mix & growth

• Consolidated segment revenue: Payment Solutions ₹7,196.20m; CFS ₹5,611.24m; IoT ₹1,537.67m; Others ₹66.24m.
• Top customer concentration: top 1-2 customers contributed ₹2,230.12m (~15.5% of revenue).
• Consolidated topline supported by renewables, RFID/IoT, and premium payments initiatives.

Strategic initiatives

• IPO completed Sep 2025; listing on BSE/NSE.
• Acquisition of Atoll Solutions (RTLS) strengthens RTLS capability.
• IzEIoT platform expansion; RFID and metal-card capabilities broadened.
• R&D: 19 patents filed, 5 granted; Bengaluru and Faridabad centres.

Governance & controls

• Board: six directors; three independent; strong governance framework.
• Risk Management Committee active; internal controls robust with quarterly reviews.
• Secretarial Auditor: Ms. Pauravi Kairav Trivedi appointed for five years, subject to AGM.

Outlook & risks

• Outlook remains constructive; growth driven by premium payments, RFID/IoT, SIM/eSIM.
• Key risks: BFSI cycles, regulatory changes, currency & supply chain, cybersecurity.

Meeting Details

• Sept 3, 2026, 09:00–13:30; in-person Non-Deal Roadshow in Mumbai.
• Sept 4, 2026, 09:00–19:00; in-person roadshow with Investec in Mumbai.

Participants

• Company Secretary and Compliance Officer to participate.
• Management representatives; group and one-on-one investor discussions expected.

Purpose

• Non-Deal Roadshow; discussion on industry/company-specific developments.
• Content for Sept 4 already in the public domain.

Additional Notes

• Roadshow to be conducted in person; group and one-on-one sessions expected.

Acquisition of immovable property

• Purchase of factory premises at No.504, Peenya IV Phase, Bangalore 560058 (1600 sqm) for ₹172.05 million.
• Date of acquisition: 25 August 2026; payment through banking channels.
• Seller: M/s Balaji Industries; Proprietor: Sri P.S. Balaji Prasad.
• Nature: Acquisition of immovable property to expand manufacturing capacity.
• Source of funds: Internal accruals.
• Related party status: Not a related party.
• Strategic rationale: Expand manufacturing capacity and support future growth; arm's-length transaction.
• Impact: No adverse impact on operations; undertaken with internal approvals.